About
Basic Data Updated:
13 days agoThe Aarti Group, based in Ludhiana, is home to Aarti Steels Limited (ASL), a renowned manufacturer of carbon and alloy steel. The company's credit rating report reveals its status as a vertically integrated entity, catering primarily to the automobile sector. With manufacturing units situated in Ludhiana (Punjab) and Cuttack (Odisha), ASL boasts a diverse range of production capabilities, including sponge iron (320,000 MTPA), billets and ingots (300,000 MTPA), rounds and bars (400,000 MTPA), steel wires (48,000 MTPA), and ferro alloys (52,000 MTPA). Additionally, the Cuttack unit houses two captive thermal power plants, with a combined capacity of 90 MW. ASL's contribution to the Aarti Group's success is undeniable, solidifying its position as a key player in the steel manufacturing industry.
Industry
Company Details
- Location
Ludhiana, Punjab, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U17115PB1979PLC003991 |
| Company No. | 003991 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 06 Jun 1979 |
| Date of AGM | 29 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Chandigarh |
Products or Services related to Aarti Steels Limited
Iron Ore
Binding Wire
Industrial Steel
Alloy Steel Rod
Financials of Aarti Steels Limited
Aarti Steels Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 36.97% increase. The company also saw a substantial improvement in profitability, with a 40% increase in profit. The company's net worth Soared by an impressive increase of 19.3%.
Corporate Structure
Unlock access to Aarti Steels's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Aarti Steels Limited
Unlock and access historical data on people associated with Aarti Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
DB
Dinesh Behal
Company SecretaryAppointment Date: 25-Apr-2011
Status: Current
SG
Suresh Gupta CFOAppointment Date: 01-Oct-2021
Status: Current
Board Members(9)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 15 Nov 2023 | ₹6.27 M | Open |
Yes Bank Limited Creation Date: 09 Oct 2023 | ₹20.00 Cr | Open |
Hdfc Bank Limited Creation Date: 15 Jun 2022 | ₹45.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Aarti Steels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Aarti Steels's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
The Indian Ferro Alloy Producers Association
Active
62 years 10 months Rajeev Mittal is a mutual person
Aarti Steel International Limited
Active 3 years 5 months Joginder Kumar, Girish Mittal and 4 more are mutual person
Aarti International Limited
Active 30 years 4 months Rajeev Mittal, Sushen Mittal and 3 more are mutual person
Aarti Green Tech Limited
Active 5 years 7 months Rajeev Mittal, Sushen Mittal and 4 more are mutual person
Recent activity within the organization
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.63 cr with Charge ID 100817906 was registered on 15 Nov 2023.
15 Nov 2023Charges
A charge registered on 23 Aug 2021 via Charge ID 100471352 with Yes Bank Limited was fully satisfied on 26 Oct 2023.
26 Oct 2023Charges
A charge registered on 23 Aug 2021 via Charge ID 100471355 with Yes Bank Limited was fully satisfied on 26 Oct 2023.
26 Oct 2023Charges
A charge with Yes Bank Limited amounted to Rs. 20.00 cr with Charge ID 100793927 was registered on 09 Oct 2023.
09 Oct 2023Annual General Meeting
Aarti Steels Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
29 Sep 2023
Frequently asked questions
What is the Incorporation or founding date of Aarti Steels Limited?
